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Pricing

2022
Exports | Imports $1.62B | $244MWorld Rnk 2 / 126
Flag Rnk 339 / 1216
World Rnk 24 / 210
Flag Rnk 482 / 1212
2021 - 2022
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN $212M | $5.83MSouth Korea |  Chinese Taipei
2022
ECONOMIC COMPLEXITY of China1.01Rnk 24 / 124
2022
PRODUCT COMPLEXITY IN Hot-Rolled Iron Bars-0.32Rnk 651 / 1025

About

Exports In 2022, China exported $1.62B in Hot-Rolled Iron Bars, making it the 2nd largest exporter of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 339th most exported product in China. The main destination of Hot-Rolled Iron Bars exports from China are: South Korea ($352M), Philippines ($118M), Indonesia ($96.6M), Japan ($79M), and Thailand ($69.8M).

The fastest growing export markets for Hot-Rolled Iron Bars of China between 2021 and 2022 were South Korea ($212M), Philippines ($109M), and Indonesia ($76.6M).

Imports In 2022, China imported $244M in Hot-Rolled Iron Bars, becoming the 24th largest importer of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 482nd most imported product in China. China imports Hot-Rolled Iron Bars primarily from: Malaysia ($100M), Japan ($94.1M), Chinese Taipei ($27.8M), South Korea ($10.2M), and Vietnam ($6.32M).

The fastest growing import markets in Hot-Rolled Iron Bars for China between 2021 and 2022 were Chinese Taipei ($5.83M), Japan ($4.94M), and Uzbekistan ($5.35k).

COMPANIES In 2023, leading companies such as MYSTIC APPAREL LLC (12), DOLLARAMA L.P. (7), and HILTI NDC NEW JERSEY (6) were at the forefront of shipping Hot-Rolled Iron Bars from China to the United States.

Latest Trends

February 2024

About

Overview In February 2024 China's Hot-Rolled Iron Bars exports accounted up to $161M and imports accounted up to $5.41M, resulting in a positive trade balance of $155M. Between February 2023 and February 2024 the exports of China's   Hot-Rolled Iron Bars have decreased by $-119M (-42.7%) from $280M to $161M, while imports decreased by $-5.57M (-50.7%) from $11M to $5.41M.

Destinations In February 2024, Hot-Rolled Iron Bars were exported mostly to South Korea ($30.9M), Philippines ($17.4M), Vietnam ($10M), Peru ($8.45M), and Cote d'Ivoire ($7.25M), and were imported mostly from Japan ($3.09M), Taiwan ($1.32M), South Korea ($567k), Germany ($321k), and China ($55.4k).

Growth In February 2024, the decrease in Hot-Rolled Iron Bars's year-by-year exports was explained primarily by a decrease in exports to Burma ($-2.26M or -65.4%), Thailand ($-801k or -10.4%), and Guinea ($-329k or -36.6%). In February 2024, the decrease in Hot-Rolled Iron Bars's year-by-year imports was explained primarily by a decrease in imports from Taiwan ($-4.69M or -85.7%), South Korea ($-1.39M or -51.7%), and Germany ($-795k or -77.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (February 2023 - February 2024)$-119M(-42.7%)
IMPORT GROWTH (February 2023 - February 2024)$-5.57M(-50.7%)
MAIN EXPORTER (February 2024)Guangdong Province$80.4M
MAIN DESTINATION (February 2024)South Korea$30.9M

This section shows Hot-Rolled Iron Bars's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Hot-Rolled Iron Bars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.62B
IMPORTS (2022)$244M
NET TRADE (2022)$1.37B

In 2022, China exported $1.62B in Hot-Rolled Iron Bars. The main destinations of China exports on Hot-Rolled Iron Bars were South Korea ($352M), Philippines ($118M), Indonesia ($96.6M), Japan ($79M), and Thailand ($69.8M).

In 2022, China imported $244M in Hot-Rolled Iron Bars, mainly from Malaysia ($100M), Japan ($94.1M), Chinese Taipei ($27.8M), South Korea ($10.2M), and Vietnam ($6.32M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron Bars EXPORT MARKETS FOR China WERE (2021 - 2022):
South Korea$212M (151%)
Philippines$109M (1.27k%)
Indonesia$76.6M (383%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron Bars BY China WERE (2021 - 2022):
Singapore-$42.9M (-93.4%)
Cameroon-$9.92M (-67.5%)
Hong Kong-$4.17M (-70.4%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Hot-Rolled Iron Bars were:
Germany $1.64B
Malaysia $1.45B
In 2022, China's main importing competitors in Hot-Rolled Iron Bars were:
United States $1.29B
Germany $897M
Israel $826M

Explore Visualizations

Trade Value of Hot-Rolled Iron Bars by Exporters

Keep Exploring

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